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Why Oil & Gas Major Equinor Shares Are Diving Premarket Wednesday

By Lekha Gupta
February 7, 10:11 AM
Equinor's (NYSE: EQNR) disappointing 20% Y/Y drop in adjusted revenue reflects market challenges amidst falling gas prices, impacting overall earnings. Despite strong equity liquids production, the company faces a significant 49% Y/Y decline in adjusted earnings, signaling turbulent times in the energy sector.

EQNR

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Mixed Q4 For TotalEnergies: Profit Miss, Pledges Shareholder Returns With Dividend Hike + $2B Buyback

By Lekha Gupta
February 7, 8:45 AM
TotalEnergies' Q4 FY23 earnings beat estimates with $59.237 billion in revenue, showcasing resilience amidst sector challenges. Despite a 12% Y/Y dip in hydrocarbon production, the company's commitment to shareholders is evident through a 7.1% dividend increase to €0.79 and $2 billion share repurchase program.

TTE

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Is the Worst Over for the U.S. Economy? Deutsche Bank Says Yes!

By Lekha Gupta
February 6, 4:04 PM
Deutsche Bank (NYSE: DB) reverses recession forecast for FY24 in the U.S., citing improved economic indicators like cooling inflation and a balanced labor market. Despite revised growth projections of 1.9%, Deutsche Bank anticipates Fed rate cuts from June, aiming for a 100 basis points reduction in 2024, down from an earlier expectation of 175 bps.

DB

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Specialty Chemicals Major Linde Shares Are Surging Today: What’s Going On?

By Lekha Gupta
February 6, 2:26 PM
Linde sees a surge in shares as Q4 FY23 sales hit $8.30 billion, beating consensus, with adjusted operating profit up 14% Y/Y to $2.3 billion and adjusted EPS of $3.59 surpassing expectations. CEO Sanjiv Lamba expresses confidence amidst uncertain geopolitical and macro environments, emphasizing Linde's strong position to capitalize on opportunities.

LIN

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TotalEnergies Goes Both Ways: Fighting Emissions While Investing In Exploration

By Lekha Gupta
February 6, 2:00 PM
TotalEnergies (NYSE: TTE) climbs as it joins hands with ONGC to combat methane emissions in India, leveraging innovative AUSEA technology to align with the country's ambitious zero-emission goal by 2030. Also, it strengthens its offshore drilling portfolio by acquiring a majority stake in the Tungsten Explorer drillship through a partnership with Vantage Drilling.

TTE

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Precision Drilling Shares Are Rocketing Today: What’s Going On?

By Lekha Gupta
February 6, 1:18 PM
Precision Drilling sees a surge in shares as Q4 results reveal C$506.9 million in revenues, driven by increased North American and international activity, with adjusted EBITDA hitting C$151.2 million. CEO Kevin Neveu outlines a bullish outlook, anticipating a 40% Y/Y increase in international rig count, driven by term contracts in Kuwait and Saudi Arabia. The company aims to reduce debt and allocate significant portions of free cash flow to share repurchases.

PDS

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Why Water Technology Company Xylem Shares Are Seeing Blue Skies Today

By Lekha Gupta
February 6, 12:47 PM
Xylem shines in Q4 FY23, boasting 41% revenue growth to $2.12 billion, surpassing market expectations. Orders and backlog surge, indicating robust demand and promising future prospects. With impressive financial results and a confident outlook, Xylem positions itself as a leader in the industry, projecting adjusted EPS of $4.00-$4.20 for FY24.

XYL